News Archive

Cash versus leasing

Most people are familiar with the expression “cash is king”, but Kuben Rayan, Managing Executive at RentWorks Africa, believes that when it comes to managing cash-flow and conserving capital, leasing is actually often the best option.

IAS 17 – what it means for lessees

International Accounting Standard (IAS) 17 relates to leases and governs the way that they are accounted for in the financial statements of lessees and lessors. As many in the accounting and finance industries will know, IAS 17 is in the process of being updated.

De Beers chooses RentWorks again

De Beers, the world’s leading mining company, in operation since 1888, has awarded a second tender to RentWorks Africa, an asset rental company. The agreement follows on a successful relationship between the two companies over the past three and a half years.

RentWorks reaches first R1billion in non-IT assets

RentWorks Africa has reached a new milestone in its history with a rental book of more than R1billion of non-IT assets. The company has traditionally focused on financing IT assets, since it was first founded in 1998, but in 2007 took the decision to diversify its asset classes.